Other Briefings
India Regulatory Brief: FDI Reform for B2C E-commerce Unlikely, New VNO License Proposed
FDI Cap for B2C E-commerce to Remain Last week, Commerce Minister Nirmala Sitharaman met with public and private sector representatives to discuss foreign direct investment (FDI) for e-commerce in India. Local observers in the media speculated that the discussion might lead the government to raise, or even lift, the FDI cap on business-to-consumer (B2C) e-commerce. […]
India Regulatory Brief: 9,000 NGO Licenses Revoked, Maharashtra to Make Starting a Business Easier
Government Crackdown on Foreign Funded NGOs The Ministry of Home Affairs (MHA) recently revoked the licenses of nearly 9,000 non-governmental organizations (NGOs). The MHA revoked the licenses for non-compliance with Section 18 of the Foreign Contributions Regulation Act (FCRA), which stipulates that NGOs must declare financial contributions from abroad to the central government.
State by State: India and Minnesota Trade
Known as the “Land of 10,000 Lakes”, Minnesota is the second northernmost state in the U.S. In 2013, the state’s real GDP reached US$312 billion, up 2.8 percent from the previous year and significantly outpacing the 1.9 percent national increase. Major industries in Minnesota include medical devices, biomedical technology, renewable energy, environmental technologies, agribusiness as […]
Where Are Indian States Putting Their Money?
Recently, India’s Union Budget for FY 2015-16 outlined the federal government’s economic vision for the country. Behind the front page headlines, one of the most overlooked and important aspects of the Union Budget was an increase in states share of federal government taxes
Indian Economy Now World’s Third Largest Says World Bank
A report released Tuesday by the World Bank’s International Comparison Program ranks India as the world’s third largest economy in terms of purchasing power parity (PPP).
Understanding Annual Audit in India: An Overview
In an excerpt from India Briefing Magazine, we provide important tips for the smooth navigation of the country’s audit regulations and accounting standards.
DIPP to Weigh FDI in Railways Next Week
India’s Department of Industrial Policy & Promotion (DIPP) announced today that it will fast-track a decision on foreign direct investment (FDI) in railways next week, in a push intended to expedite a decision on the matter before general elections are announced.
India May Soon Liberalize FDI in E-commerce, Railways and Construction
Jan 6. – After foreign direct investments (FDI) into India slowed considerably in the April-November period of the current fiscal year, Prime Minister Manmohan Singh pledged India would push through further reforms to ensure a “hospitable” environment for FDI.
